Ocean Financial Middle East selects TPS Payment Platform to drive Prepaid Cards Service in the Middle East

Aiming to lead the payment industry with innovative solutions and products, Ocean Financial Middle East (OFME) has collaborated with TPS as a technology partner for its prepaid cards service in the Middle East. Using the very well recognized IRIS Payment Platform and Prepaid Card Management Solution, OFME will be able to sign up multiple corporate and retail clients to meet their prepaid card requirements.

“Our group focuses on a cashless economy with innovation and paramount services. TPS is our technology partner in innovation which is clubbed with our years of experience in services. This makes us a step closer to achieving our vision. We are delighted to be working with TPS.” said Danny Planter, CEO at Ocean Financial Group.

“It is a matter of great pride for us that our solution will help elevate the payment experience for many corporations and their customers in the Middle East.” said Shahzad Shahid, CEO at TPS “With our payment solution deployed, OFME is well positioned to help both retail and corporate customers take advantage of the fast-growing prepaid market by offering prepaid card service”

The new agreement will see TPS providing a comprehensive prepaid card management solution that will help OFME launch, drive, and grow its prepaid card service and that too with a quick time to market. Corporations will be able to use the service to offer various prepaid card use cases.

“One of the things I liked about TPS is the way they supported us in the planning process and worked hand in hand with us to get this project off the ground.” said Haider Ali Raza, Head – Product & Strategy at Ocean Financials Group “We selected TPS because they know the ropes of the prepaid cards business and we are sure their technology will help us stay ahead of the curve and enable us to keep pace with rapidly changing customer demands”

IRIS Payment Platform & PCMS will together form a robust payment infrastructure for this initiative, giving OFME the flexibility to rapidly expand and enrich services. In addition to driving the payment infrastructure, the solutions will provide an enhanced and secure payment experience for the end users.

Ocean Financial Group strives to be a leading processor in the UAE Prepaid Card landscape. Their vision is to provide financial institutions and retailers with innovative prepaid payment solutions to facilitate smooth payment processing and promote outstanding customer experiences. In line with market dynamics, Ocean Financial Group offers a broad range of prepaid card with end-to-end processing and management capabilities, covering the complete lifecycle of a product.

TPS is a leading provider of cards and payment solutions trusted by over 130 customers spread across 30+ countries. The company provides a combination of technical and business expertise in the area of card management, prepaid cards, multi-channel issuing and acquiring, payment processing, alternate delivery channel management, bills payment gateway and processing, remittance hub and processing, payment gateways and internet and mobile banking.